Friday, April 28, 2006

UBS Upgrades Metals, Microsoft Hit

Today UBS upgraded a few of the metal stocks (about time). The stocks upgraded include Freeport-McMoRan (FCX), Glamis Gold (GLG), Golden Star Resources (GSS), & Southern Copper (PCU). All were upgraded from "neutral" to "buy."

Microsoft (MSFT) is down after missing the quarter and guiding lower. You can also throw in a bunch of downgrades from CIBC, Morgan Stanley, Canaccord Adams, and Lehman Brothers. I think MSFT is a good long term value play. I personally, don't own it but I think you could see $30 a share one year from today.


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